Contemporary Economics

ISBN-10: 0538444959

ISBN-13: 9780538444958

Edition: 2nd 2008 (Revised)

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Description: Bring economics to life with rich, practical examples that make concepts clear and intriguing. CONTEMPORARY ECONOMICS blends economic expertise and educational insights with comprehensive content, sound instructional design, and extensive print and media teaching tools. This new edition now includes two chapters covering personal finance, including information on managing money and being a responsible consumer.

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Book details

List price: $128.95
Edition: 2nd
Copyright year: 2008
Publisher: Cengage South-Western
Publication date: 12/21/2006
Binding: Hardcover
Pages: 752
Size: 9.00" wide x 11.25" long x 1.25" tall
Weight: 4.356
Language: English

National Content Standards in Economies
Reading Skills
Introduction to Economics
What Is Economics?
The Economic Problem
Economic Theory
Opportunity Cost and Choice
Chapter Assessment
Economic Systems and Economic Tools
Economic Questions and Economic Systems
Production Possibilities Frontier
Comparative Advantage
Chapter Assessment
U.S. Private and Public Sectors
The U.S. Private Sector
Regulating the Private Sector
Public Goods and Externalities
Providing a Safety Net
Chapter Assessment
The Market Economy
Demand
The Demand Curve
Elasticity of Demand
Changes in Demand
Chapter Assessment
Supply
The Supply Curve
Shifts of the Supply Curve
Production and Cost
Chapter Assessment
Market Forces
Price, Quantity, and Market Equilibrium
Shifts of Demand and Supply Curves
Market Efficiency and Gains from Exchange
Chapter Assessment
Market Structure
Perfect Competition and Monopoly
Monopolistic Competition and Oligopoly
Antitrust, Economic Regulation, and Competition
Chapter Assessment
Market Institutions
Businesses
Entrepreneurs
Sole Proprietorships and Partnerships
Corporations and Other Organizations
Chapter Assessment
Labor Markets
Demand and Supply of Resources
Wage Determination
Labor Unions
Chapter Assessment
Financial Markets and Business Growth
Production, Consumption, and Time
Banks, Interest, and Corporate Finance
Business Growth
Chapter Assessment
The National Economy
Economic Performance
Estimating Gross Domestic Product (GDP)
Limitations of GDP Estimation
Business Cycles
Aggregate Demand and Aggregate Supply
Chapter Assessment
Economic Growth
The PPF, Economic Growth, and Productivity
Living Standards and Labor Productivity Growth
Issues of Technological Change
Chapter Assessment
Economic Challenges
Unemployment
Inflation
Economic Instability
Poverty
Chapter Assessment
Public Policy and the National Economy
Government Spending, Revenue, and Public Choice
Public Goods and Taxation
Federal, State, and Local Budgets
Economics of Public Choice
Chapter Assessment
Fiscal Policy, Deficits, and Debt
The Evolution of Fiscal Policy
Fiscal Policy Reconsidered
Federal Deficits and Federal Debt
Chapter Assessment
Money and Banking
Origins of Money
Origins of Banking and the Federal Reserve System
Money, Near Money, and Credit Cards
Chapter Assessment
Money Creation, the Federal Reserve System, and Monetary Policy
How Banks Work
Monetary Policy in the Short Run
Monetary Policy in the Long Run
Chapter Assessment
The International Economy
International Trade and Finance
Benefits of Trade
Trade Restrictions and Free-Trade Agreements
Balance of Payments
Foreign Exchange Rates
Chapter Assessment
Economic Development
Developing Economies and Industrial Market Economies
Foreign Trade, Foreign Aid, and Economic Development
Rules of the Game, Transition Economies, and Convergence
Chapter Assessment
Personal Financial Literacy
Consumer Responsibilities and Protections
Consumer Choice
Using Credit Responsibly
Consumer Protection
Chapter Assessment
Managing Your Money
Saving
Investing
Insurance
Chapter Assessment
Economic Data
Glossary
Spanish Glossary
Index
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